A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
No doubt about it, Wednesday was one of the gloomiest days in a long time for stock markets around the world, as Fitch's surprise move to strip the U.S. of itsBut will the downgrade have any lasting market impact?, to say the least, and Asia could recover ground on Thursday if key purchasing managers index reports show service sector activity across the region held up well in July.
Services PMI data from Australia, Japan, India and China are due on Thursday, with China's unofficial Caixin report coming under the closest scrutiny. It is expected to show the seventh straight month of growth, but at a slower pace from June. China's economic indicators have undershot consensus for months, and by a significant margin too. Could that be about to turn?
Investors will be hoping for a positive surprise after Wednesday's heavy selling. The MSCI Asia ex-Japan index had its worst day since June last year and the MSCI World index had its biggest fall since December, while theFitch's decision late on Tuesday came as a surprise and certainly contributed to the slump in stocks. But its effect on the
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Morning Bid: Testing the 'Goldilocks' view of the global economyA look at the day ahead in European and global markets from Kevin Buckland.
Leer más »
Morning Bid: US macro 'pain trade' bitesA look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Leer más »
Morning Bid: Markets shake off surprise US credit downgradeA look at the day ahead in European and global markets from Brigid Riley
Leer más »
Alaska gas prices among the highest in nation, according to AAAGas prices around the globe are expected to increase steadily over the remainder of the summer, but won’t return rates in Alaska to previous highs, according to one Alaska oil and gas analyst.
Leer más »
Fitch slashes U.S. credit ratings to AA+ from AAA, points to ‘erosion’ of governanceFitch Ratings cut its top U.S. credit rating to AA+ from AAA on Tuesday, pointing to “erosion” of governance and the nation’s expected fiscal deterioration...
Leer más »
Fitch cuts US credit rating a notch from AAA to AA+Ratings agency Fitch on Tuesday downgraded the U.S. government's top credit rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years as well as a high and growing general government debt burden.
Leer más »